Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%USDC1.000.01%BNB287.900.44%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Business

Business

IndiGo CEO claims aircraft shortfall hindering development goals.

The side of an IndiGo Airlines A320 aircraft is pictured on the tarmac at Bengaluru International Ai... The side of an IndiGo Airlines A320 aircraft is pictured on the tarmac at Bengaluru International Airport in Bangalore March 5, 2012. REUTERS
The side of an IndiGo Airlines A320 aircraft is pictured on the tarmac at Bengaluru International Ai... The side of an IndiGo Airlines A320 aircraft is pictured on the tarmac at Bengaluru International Airport in Bangalore March 5, 2012. REUTERS

IndiGo airline operator Interglobe Aviation Ltd.’s (INGL.NS) plans to ride a tourism boom in India and abroad are hampered by a scarcity of planes, CEO Pieter Elbers said Monday.

Elbers told Reuters that the aircraft supply shortfall limited his ability to serve clients.

Air travel has rebounded in India after the epidemic. However, Boeing and Airbus are struggling to fill the worldwide order book for new jets.

“Our operation was half the size a year ago. We’ve prioritized returning to 1800 flights each day.”

Elbers said IndiGo’s 500-aircraft order book would provide “a continuous flow” of deliveries through the decade.

Weeks after Air India announced a record purchase of 470 planes, aviation consultant CAPA India anticipates at least 1,300 additional orders from Indian carriers in the next one to two years.

IndiGo, which has only bought narrowbody planes from Airbus (AIR.PA), is negotiating with Boeing (BA.N) to break Air India’s record of 500 passenger jets, industry sources told Reuters earlier this month.

Almost 400 of the airline’s 830 Airbus A320-family planes are yet to arrive.

Elbers called Airbus’ newest and biggest narrowbody aircraft, the A321 XLR, “all work in progress” for delivery.

“Not yet.”


Comment Template

You May Also Like

Economy

Gaza Post-War Plan Disclosed by Israel’s PM Netanyahu Israeli Prime Minister Benjamin Netanyahu has outlined his vision for post-war Gaza, proposing that Israel would...

Politics

Finland blocks three Russian property acquisitions. On Wednesday, the Finnish Ministry of Defense announced that it had halted three real estate transactions, one of...

Politics

On Wednesday, the United States and its allies condemned North Korean missile strikes against Ukraine. Washington called the action disgusting, while Seoul branded Ukraine...

Economy

Japan’s Tohoku Electric will delay the nuclear reactor restart on construction works. Due to further safety building work, Japan’s Tohoku Electric Power (9506.T) said...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok